Bitcoin recently tapped into the $111K zone, sweeping buy-side liquidity before showing signs of rejection. As the market pauses after a strong rally, technical and on-chain indicators suggest a potential pullback or consolidation phase, with traders now eyeing key levels for the next move.<\/p>\n
By ShayanMarkets<\/p>\n
BTC experienced a notable rejection from the $111K supply zone after capturing the buy-side liquidity above the January-February highs. This move triggered an immediate drop and initiated a correction, with current price action showing signs of potential continuation lower.<\/p>\n
The daily RSI has also cooled off and is now hovering around the neutral 50 zone, indicating a pause in momentum. The 100 and 200-day moving averages remain bullishly aligned below price (located in the $90K-$95K range), and there is a visible fair value gap (FVG) between $101K and $98K, which may act as a magnet for price in the short term, but can also act as a demand zone to push the asset higher after penetration.<\/p>\n
Yet, despite the rejection from the $111K level, the overall structure remains bullish with price still holding above the ascending trendline and moving averages. As long as the asset remains above the $91K demand zone, the buyers are still in control structurally. If the FVG gets filled and the reaction is strong, it could create a new higher low and set the stage for another attempt toward the $111K\u2013$114K resistance zone.<\/a><\/p>\n Zooming into the 4H chart, BTC has broken below the ascending channel that had guided price action since early April. The breakdown was followed by a rejection from the $108K zone, suggesting that previous support has now turned into resistance.<\/p>\n Moreover, the RSI on this timeframe is slightly below 50, pointing to bearish momentum gaining ground. There is also a clear range forming between $102K and $108K, with the price oscillating within it after the initial sell-off.<\/p>\n Short-term traders should pay close attention to the mid-range and the recent swing lows near $102K. A break below this level could trigger a sharper move toward the $100K support level.<\/p>\n On the flip side, reclaiming the $108K mark could invalidate the short-term bearish setup and open the doors for a retest of the range high and possibly $111K again. However, as things stand, the market is likely to go through a deeper correction in the coming days.<\/a><\/p>\n The 30-day exponential moving average of Bitcoin\u2019s Adjusted SOPR (aSOPR) has been on the rise well above the 1.0 threshold, indicating that, on average, coins moving on-chain are doing so in profit.<\/p>\n This generally reflects renewed investor confidence, as holders become more willing to sell at a profit rather than capitulate at a loss. Historically, sustained aSOPR values above 1.0 during uptrends support bullish continuation, especially when price corrections are shallow.<\/p>\n However, the current reading also suggests the market is entering a more sensitive phase. When the aSOPR rises too aggressively, it often precedes local tops as short-term holders rush to realize profits. A healthy trend would see a slight aSOPR reset above 1.0, ideally aligning with a price pullback into a support zone, before the next leg up.<\/p>\n The post Bitcoin Price Analysis: BTC in Danger of Prolonged Correction After Recent Rejection<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin recently tapped into the $111K zone, sweeping buy-side liquidity before showing signs of rejection. As the market pauses after a strong rally, technical and on-chain indicators suggest a potential pullback or consolidation phase, with traders now eyeing key levels for the next move. Technical Analysis By ShayanMarkets The Daily Chart BTC experienced a notable […]<\/p>\n","protected":false},"author":0,"featured_media":70912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-70911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/70911"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70911"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/70911\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/70912"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The 4-Hour Chart<\/h3>\n
On-Chain Analysis<\/h2>\n
Adjusted SOPR (30-day EMA)<\/h3>\n
![<\/a><\/p>\nThe 4-Hour Chart<\/h3>\nZooming into the 4H chart, BTC has broken below the ascending channel that had guided price action since early April. The breakdown was followed by a rejection from the $108K zone, suggesting that previous support has now turned into resistance.<\/p>\nMoreover, the RSI on this timeframe is slightly below 50, pointing to bearish momentum gaining ground. There is also a clear range forming between $102K and $108K, with the price oscillating within it after the initial sell-off.<\/p>\nShort-term traders should pay close attention to the mid-range and the recent swing lows near $102K. A break below this level could trigger a sharper move toward the $100K support level.<\/p>\nOn the flip side, reclaiming the $108K mark could invalidate the short-term bearish setup and open the doors for a retest of the range high and possibly $111K again. However, as things stand, the market is likely to go through a deeper correction in the coming days.<\/a><\/p>\nOn-Chain Analysis<\/h2>\nAdjusted SOPR (30-day EMA)<\/h3>\nThe 30-day exponential moving average of Bitcoin\u2019s Adjusted SOPR (aSOPR) has been on the rise well above the 1.0 threshold, indicating that, on average, coins moving on-chain are doing so in profit.<\/p>\nThis generally reflects renewed investor confidence, as holders become more willing to sell at a profit rather than capitulate at a loss. Historically, sustained aSOPR values above 1.0 during uptrends support bullish continuation, especially when price corrections are shallow.<\/p>\nHowever, the current reading also suggests the market is entering a more sensitive phase. When the aSOPR rises too aggressively, it often precedes local tops as short-term holders rush to realize profits. A healthy trend would see a slight aSOPR reset above 1.0, ideally aligning with a price pullback into a support zone, before the next leg up.<\/p>\nThe post Bitcoin Price Analysis: BTC in Danger of Prolonged Correction After Recent Rejection<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Bitcoin recently tapped into the $111K zone, sweeping buy-side liquidity before showing signs of rejection. As the market pauses after a strong rally, technical and on-chain indicators suggest a potential pullback or consolidation phase, with traders now eyeing key levels for the next move. Technical Analysis By ShayanMarkets The Daily Chart BTC experienced a notable […]<\/p>\n","protected":false},"author":0,"featured_media":70912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-70911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/70911"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70911"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/70911\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/70912"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/BTC-Daily.jpeg\"){kind=link}
![<\/a><\/p>\nOn-Chain Analysis<\/h2>\nAdjusted SOPR (30-day EMA)<\/h3>\nThe 30-day exponential moving average of Bitcoin\u2019s Adjusted SOPR (aSOPR) has been on the rise well above the 1.0 threshold, indicating that, on average, coins moving on-chain are doing so in profit.<\/p>\nThis generally reflects renewed investor confidence, as holders become more willing to sell at a profit rather than capitulate at a loss. Historically, sustained aSOPR values above 1.0 during uptrends support bullish continuation, especially when price corrections are shallow.<\/p>\nHowever, the current reading also suggests the market is entering a more sensitive phase. When the aSOPR rises too aggressively, it often precedes local tops as short-term holders rush to realize profits. A healthy trend would see a slight aSOPR reset above 1.0, ideally aligning with a price pullback into a support zone, before the next leg up.<\/p>\nThe post Bitcoin Price Analysis: BTC in Danger of Prolonged Correction After Recent Rejection<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Bitcoin recently tapped into the $111K zone, sweeping buy-side liquidity before showing signs of rejection. As the market pauses after a strong rally, technical and on-chain indicators suggest a potential pullback or consolidation phase, with traders now eyeing key levels for the next move. Technical Analysis By ShayanMarkets The Daily Chart BTC experienced a notable […]<\/p>\n","protected":false},"author":0,"featured_media":70912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-70911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/70911"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70911"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/70911\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/70912"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/BTC-4H.jpeg\"){kind=link}